Commerce Past Questions

Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.

4,313 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

4,313 questions
Question 1 of 20 4,313 total questions
Question 1461
waec 2001

The law by which the seller transfers the property in goods to the buyer at an agreed price is the?

AHire purchase Act
BTrade Description Act
CFoods and Drugs Act
DSale of Good Act
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Question 1462
waec 2001
A speculator on the stock exchange market who sells securities for the fear of a fall in their prices is called?
Aa bull
Ba bear
Ca stag
Dan underwriter
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Question 1463
waec 2001
The exchange of goods for goods in foreign trade is known as?
Avisible trade
Bsmuggling
Ccounter trade
Dentrepot trade
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Question 1464
waec 2001

The greatest advantage of air transport over all other means of transport is it's?

Acomfort
Bsafety
Cspeed
Dflexibility
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Question 1465
waec 2001
Product pricing, distribution and promotions are elements of?
Amarketing mix
Bmarketing research
Csales promotion
Dproduct orientation
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Question 1466
waec 2001
An association businessmen including manufacturers, traders, bankers and people engaged in business in an area is known as?
Atrade associate
Bchamber of commerce
Ctrade union
Dcooperative society
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Question 1467
waec 2001

The turnover of a company will improve if the company increases?

AAdvertising
Bprices of goods
Cproduction
Dwarehousing facilities
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Question 1468
waec 2001

The term "21/4%40 days"refers to?

Amark-up
Btrade discount
Ccash discount
Dvalue added tax
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Question 1469
waec 2001

Which of the following is a function of a warehouse?

AStabilizing prices
BIncreasing competition
CStimulating demand
DControlling quality
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Question 1470
waec 2001
Which of the following is not feature of a department store?
ALocated at the centre of the city
BBulk buying
CAttractive layout
DSeling one line of goods
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Question 1471
waec 2001
Which of the following is not a marketing function?
AAdvertising
BInsurance
CPackaging
DTransportation
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Question 1472
waec 2001
A specially designed container to convey crude oil or liquid from another location to another is a?
Alaunche
Btanker
Cferry
Dcoaster
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Question 1473
waec 2001
The portion authorized capital made available to the public for subscription is?
Acalled-up capital
Bpaid-up capital
Ccall in arrears
Dissued capital
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Question 1474
waec 2001
Which of the following is not a function of the ports Authority?
AEnsuring safe movement of ships
BCollecting import and export duties
CProviding warehouse services
DEnsuring law and order in the harbours
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Question 1475
waec 2001
When a bill is paid before its date at a lesser value, it is?
Aaccepted
Bdiscounted
Cdishonoured
Dretired
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Question 1476
waec 2001
Which of the following is not used to correct adverse balance of payment?
AIncreasing imports
BIncreasing exports
CDecreasing import
DDevaluation
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Question 1477
waec 2001

The extra commission for pledging full settlement of the wholesaler to the manufacturer?

AWarehousing
BQuality Control
CFinancing
DBulk -breaking
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Question 1478
waec 2001
An agent who takes possession of goods and sells in his own name is known as?
Aa broker
Ba del credere agent
Can auctioneer
Da factor
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Question 1479
waec 2001

An agent who takes possession of goods and sells in his own name is known as?

Aa broker
Ba del credere agent
Can auctioneer
Da factor
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Question 1480
waec 2001

A price quotation that covers the cost of goods and all other expenses incurred in delivering the goods to the buyer is called?

ACIF
BFAS
CFranco
DLoco
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